Concklin Insurance Agency’s Post

20% back on a $200k+ workers comp policy‼️ Time for another segment of “Insurance in a NY Minute ⏰” for my business owners out there: Watch to find out how our team implemented this feature to a workers comp policy for a client WITHOUT adjusting the experience modification rating, changing carriers, adjusting class codes or payroll 👀👀👀 The right broker with the trained eye for options even when you’re doing GOOD is key, it’s not enough to make adjustments when you’re already sinking. ‼️ Be proactive. Partner with a broker who can show you how. #usioneadvantage #workerscomp #commercialinsurance #protectyourbuisness #premium #insurnacebroker #nycbroker

Are you overpaying for Workers' Comp? It's a common pitfall for many businesses, but there's good news – it doesn’t have to be that way. At Brown & Brown Insurance, we specialize in transforming excess workers' compensation costs into savings. ✅ Seamless RTW Programs ✅ Substantial Premium Credits ✅ Rewarding Dividend Returns ✅ Expert MOD Projection Analysis Don’t let unnecessary expenses weigh down your business. Connect with us to learn how we can tailor these solutions to fit your unique needs and positively impact your bottom line. Contact us at (561) 688-5044 | [email protected] #WorkersCompensation #CostSaving #BusinessInsurance #FinancialHealth #RiskManagement

Business Tip-Workers Compensation Audits The end of a term for a Workers' comp policy brings about the dreaded audit. Do your premiums go up? Go Down? Reduce the fluctuations in premium and gain more control of your insurance TODAY by choosing the competitive rates of a Farmers' Workers' Comp, which includes Real Time Billing. #farmersinsurance #workerscompensation #benderinsurance #sheabenderinsuranceagency

Thank you Emil Bravo from Prisma Profesional Accounting Services for inviting me to talk about the importance of insurance for businesses. As business partners, we take every opportunity to provide our clients with the best advice. Today's topic was #audits and pay as you go options for workers' compensation, which are great, especially for contractors whose payroll increases during summer due to seasonal projects. If you'd like more information, feel free to reach out! RG Insurance - AssuredPartners Josh Lansberg CIC CLCS David Gorman Chris Burgoyne #businessinsurance #businesspartners #workerscompensation

Two years ago, we helped a client find traditional workers' compensation coverage instead of using a PEO. With the help of a payroll partner, we saved them over $300,000 on their total cost of insurance. This year, thanks to good claims, they will get a 25% decrease because their EMOD was finally published, and they get to reap the benefits of their good work. Oh, they will also now qualify for a dividend, which will represent another five figures in savings. Has anyone reviewed your program structure lately? #usi #oneadvantage #risk

Workers compensation isn't as straightforward as most business owners think. From a coverage perspective, sure...there aren't too many deviations. But from a cost perspective, it pays to understand how the sauce is made. Because believe it or not, Unlike the rest of your insurance, YOU have control over certain aspects of your pricing. While you can't control your classification & you can't manipulate your payroll figures ❌ You can control the following: ✅ Your experience modification ✅ The discretionary credits your company earns ✅ Qualifying for state specific credits (In DE, there are 2 that offer up to a 19% credit) "It is what it is" doesn't apply to work comp...take the time to educate yourself. (link to a more in-depth explanation in the comments) #workerscomp #insurance #insuranceindustry #construction #manufacturing

OverView approaches worker's compensation differently to save money without sacrificing essential coverage. We meet with business owners every week whose workers' compensation costs represent more than 50% of their annual insurance expenses. I promise you there's a better way. We are here to help you.

Happy New Year, MN Workers' Compensation partners!🥳 🎉 We're excited to kick off 2024 with a new set of #WednesdayWisdoms to help you navigate the Workers' Comp system. Our first post is a short training video by direct request from a stakeholder on how to use the Experience Period Reference Table. Did you know ❔ that changing a policy's effective date can cause a "tail" 🐕🦺to be placed on that employer's experience mod for the year the change occurred? 🤔 By using the experience period reference table, you can see policy data that would be included in an experience rating across different effective dates and years. #mwcia #insurance #business #experienceperiod #effectivedate #workerscompensation

If you write 📜 workers' compensation in MN, this is for you! It's a short explainer video on how to use Minnesota's Experience Period Reference Table. Don't forget to watch the video and share it with your colleagues who might find it helpful in navigating Minnesota's workers' compensation system! #MWCIA #workerscompensation

Have you checked out our recently released Pennsylvania State of the Line Report? It provides an overview of PA's workers compensation insurance system, focusing on the broader aspects of the latest and historical filings. This includes graphs showing industry Combined ratios, historical premium and payroll amounts, frequency and severity trends, historical pricing levels, economic indicators, large claim activity, benefit cost splits, and other rating program summaries. Several of these items include countrywide benchmarks to help inform the reader on how Pennsylvania compares to the industry. https://lnkd.in/eJyZGqTs #workerscompensation #workerscomp #workcomp #insurance #pennsylvania #data #pcrb